Are insect protein players about to swarm Singapore?

More: Sequoia makes a potential deal with Stripe. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [The effect of Singapore’s green light for insect-based food]( - Oyo’s US$50 million fundraise - Other newsy highlights such as Sequoia’s potential deal with Stripe --------------------------------------------------------------- Hello {NAME} Creepy crawlies … yum? I’ve never really had much opportunity to eat insect-based food or deep-fried insects. The most I’ve done so far is eat some fried mealworms that my dad brought back after an overseas trip. To be honest, they weren’t bad - with all the seasoning, it felt like I was just eating a regular bag of chips. Now that Singapore has approved the sale of insect-based food in the country, I’m sure I’ll get many opportunities to get my fill of multi-legged creatures. Doesn’t mean I’m going to, though. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Insect protein players abuzz with excitement over Singapore regulatory nod]( The city-state's reputation for food safety is also expected to be a springboard for brands to go overseas. --------------------------------------------------------------- TRENDING NEWS [Oyo raises $50 million from InCred; valuation cut by 76% to $2.38 billion]( Hospitality firm Oyo has raised US$50 million from InCred Wealth. This investment is part of a US$100 million round that Oyo’s aiming to raise before it refiles its draft prospectus for an IPO. [Stripe valuation hits $70 billion in Sequoia deal]( Sequoia Capital is offering to buy shares of fintech unicorn Stripe at US$27.51, which would push the latter’s valuation up to US$70 billion. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Tracking startup closures across Southeast Asia]( There are several reasons why startups in Southeast Asia go bust, but we lack data about it. This piece helps you track the region's macro-level trends. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: MALAYSIA ON JULY 25 Tired of chasing investors? Let them come to you The guest list speaks for itself: top investors, trailblazing founders, and industry game changers from Singapore Global Network, Khazanah Nasional Berhad, GyroGear, and more, all gathered in one room. Skip the awkward networking and mingle with Southeast Asia's most influential players to connect, collaborate, and make things happen. [Don't just hear about it later – be there!]( ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day. - WSI - [WSI secures S$5 million strategic investment valuation, to expand its investments in new media intellectual property and sports portfolio]( WSI enlarges the pool of industry veterans as strategic advisors as part of their growth transformation. - NeuAlgo Technology- [NeuAlgo’s Revolutionary Solution! Rigorous Verification and Smart Allocation are the Key Of Complex Domain Names!]( NeuAlgo's SD-MBS frameworks enhance data processing by prioritizing trustworthiness and third-party verification over traditional domain readability. - The Business Times - [The Business Times launches ‘paid press release’ service]( Businesses can now share their latest announcements on BT’s site for a fee. - Salmon Group - [Salmon wins Fintech Start-Up Award at the Asian Banking and Finance Fintech Awards 2024]( Salmon has been awarded the prestigious 2024 Asian Banking and Finance (ABF) Fintech Start-Up Award - Philippines. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24 - 25]( Get ready to be inspired at the upcoming #TIAConferenceKL. Join over 1,000 attendees from across Southeast Asia - including Malaysia, Indonesia, Singapore, Thailand, and Cambodia - and beyond for two days of insightful discussions and unparalleled networking opportunities. [Get yours today]( and join the conversation. [Tech in Asia’s Founders Meetup in Malaysia on July 25]( Forget about imagining it – experience it instead. Surround yourself with the people shaping the future of tech in Malaysia. Connect with movers and shakers, and plug into the energy of Southeast Asia’s fastest-growing tech hub. [Hurry,]( your ticket now!]( [KL Conference Exclusive: Elevate Customer Engagement with Twilio on July 24]( Turn passive customers into brand advocates at this exclusive luncheon alongside fellow media, software, and telco leaders. You’ll walk away equipped to create personalized customer journeys, engineer sustainable engagement strategies, and diversify revenue streams. ​​This is an invite-only event. 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